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    The Largest CRE Database in the US with Over 1 Million Listings

    14620 Lincoln Lake Ave Gowen, MI 49326

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    For Sale
    $670,000

    Well-established FootGolf course, 3 par golf course, frisbee golf course and clubhouse.

    Lot size:
    1.38 Acres

    Property Features for 14620 Lincoln Lake Ave

    General Information

    Standard status
    Active
    Lot size
    1.38 Acres

    We can help!

    Listing Contact
    Joni McArthur
    Source: Exprealty

    Listing Agency: EXP Realty (Grand Rapids) Listing Agent: Joni McArthur

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Established FootGolf Course and Clubhouse

    This is an exceptional opportunity to acquire a well-established FootGolf course, 3 par golf course, frisbee golf course and clubhouse located on a busy main road in Kent County, offering outstanding visibility and accessibility. This property is a destination for both active recreation and special events, attracting a steady flow of locals and visitors alike. The professionally maintained FootGolf course provides a fun and unique twist on traditional golf, catering to players of all ages and skill levels. After a round of FootGolf, guests can unwind in the inviting clubhouse, which features a kitchen and full bar serving a delicious menu of food and signature cocktails. The Kicks also hosts special events. The indoor and outdoor areas make it ideal for corporate events, team-building outings, and private celebrations. The property features an outdoor bar that overlooks a scenic pond, human foosball, a hole-in-one game, and the opportunity to feed the fish.
    Location Intelligence

    Current Use by Public Records

    Golf courses & driving ...

    Suggested Use

    Realty agency Department Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gowen
    County
    Kent
    State
    Michigan
    Longitude
    -85.3499685
    Latitude
    43.2307409

    Nearby Similar for Sale

    • $670,000
      2,340 SF

      Established FootGolf Course and Clubhouse

      Well-established FootGolf course, 3 par golf course, frisbee golf course.
      14620 Lincoln Lake Ave NE, Gowen, MI 49326
      View Details
    • $1,200,000
      2,340 SF

      Established Recreation Destination in Gowen

      FootGolf and golf course with clubhouse on a busy road.
      14620 Lincoln Lake Ave NE, Gowen, MI 49326
      View Details
    • $895,000
      18,000 SF

      Assisted/Senior Living Facility on 4.5 Acres

      20+ unit assisted/senior living residence with attached personal residence.
      14190 19 Mile Rd NE, Gowen, MI 49326
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    • $37,900
      Pending

      Land For Sale in Gowen

      Vacant land available in Gowen, Michigan.
      13478 Windy Craig Dr NE, Gowen, MI 49326
      View Details

    FAQs

    What type of property is this?
    Golf course & driving range - Well-established FootGolf course, 3 par golf course, frisbee golf course and clubhouse.
    Where is this golf course & driving range located?
    The property is located at 14620 Lincoln Lake Ave Gowen, MI.
    What is the asking price?
    The asking price for this property is $670,000.
    What are key features of this property?
    This property features: - Established and Profitable Business: Well-established FootGolf, 3 par golf course, and frisbee golf course business with a proven track record.; - Prime Location: Located on a busy main road in Kent County, ensuring high visibility and easy accessibility.; - Diverse Recreational Activities: Offers FootGolf, 3 par golf course, and frisbee golf course, catering to a wide range of interests and skill levels.
    (616) 894-1550
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    14620 Lincoln Lake Ave Gowen, MI 49326
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    Gowen, MI 49326
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    14620 Lincoln Lake Ave Gowen, MI 49326
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    We can help!
    Listing Contact
    Joni McArthur
    (616) 894-1550
    Learn more
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